The cryptocurrency market has risen from 50,000 to 3,580,000, and some people ask if it’s real??🔥🔥
1. Short-term Trading
Focus only on the top 5 mainstream cryptocurrencies every day, based on current market hotspots, news, daily MACD golden cross, BOLL convergence and divergence, combined with market trends, comprehensively consider and select highly volatile varieties for trading.
Control your position: divide 50,000 into 20%, which means 5 parts, and take one part to build a position each time.
Never go all in, at most 50%, always leave 50% as a reserve for opportunities.
Do not trade more than 3 times a day; you must keep it under control.
Set a stop loss at 30%; if it breaks, close the position unconditionally, do not hold onto it, holding onto it will lead to death.
Never fall in love with candlesticks, quick in and out, remember!!!
Go with the trend, trend is king, only trade mainstream, do not trade small altcoins!
2. Cryptocurrency Lifesaving Mantra (recommended to memorize)
In the morning, if there is a big drop, don’t rush to run away; usually, there will be a rebound in the afternoon!
If there is a big rise in the afternoon, reduce your position; there is a high probability of a pullback at night!
If there is a decrease in volume but the price is rising, it will continue to rise; if there is a decrease in volume but the price is falling, it will continue to fall.
Before major meetings or good news, prices will rise, and after landing, they will fall.
If there is a continuous big drop during the day in the domestic market, buy the dip; at night around 21:30, foreigners will pump the price.
The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signal.
When you hold a heavy position, you will definitely face liquidation; why? You are just on the exchange's liquidation watchlist.
After your short position's stop loss is triggered, it will definitely drop; if they don't trick you into exiting or force you to liquidate, how can it fall? For example, TRB.
When you are about to break even, just a little more, and the rebound suddenly stops, how can they let you close the position and run away?
When you take profit, it's already a done deal; if you don't exit, how can they pump the price? The position is too heavy.
When you are excited, a violent drop will come as expected; your excitement is also a lure from the big players.
When you are broke, every project is rising, making you FOMO, hurry to enter the market.
So you understand, the market is manipulated with a probability of over 80%, except for controlling your position, you must also take the initiative, clearly not entering the market before the big players operate, once you enter, the exchange becomes the butcher, and you become the fish. Trading is about patience, composure, and timing; if anyone has different opinions, you are welcome to discuss, thank you!!
